U.S. Oilfield Firms Offer Dour Views as Shale Budgets Dwindle

Oilfield service companies that cater to U.S. shale oil and gas producers are turning sour on fourth quarter demand, with clients keeping a tight grip on their wallets after largely exhausting their 2023 budgets. Many U.S. oil producers are pumping only enough oil to keep production flat and turning over more profit to investors. Shale … Read more

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